Bahl & Gaynor Inc. Acquires 74,086 Shares of Alliant Energy Corporation $LNT

Bahl & Gaynor Inc. boosted its holdings in Alliant Energy Corporation (NASDAQ:LNT) by 12.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 675,388 shares of the company’s stock after purchasing an additional 74,086 shares during the quarter. Bahl & Gaynor Inc. owned approximately 0.26% of Alliant Energy worth $45,528,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Country Trust Bank purchased a new position in shares of Alliant Energy in the second quarter worth $30,000. First Horizon Advisors Inc. increased its holdings in Alliant Energy by 84.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 516 shares of the company’s stock valued at $31,000 after acquiring an additional 237 shares during the last quarter. MRP Capital Investments LLC purchased a new stake in Alliant Energy in the 3rd quarter worth $35,000. Hantz Financial Services Inc. lifted its stake in Alliant Energy by 256.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 560 shares of the company’s stock worth $38,000 after purchasing an additional 403 shares in the last quarter. Finally, Capital A Wealth Management LLC boosted its holdings in shares of Alliant Energy by 5,709.1% during the 2nd quarter. Capital A Wealth Management LLC now owns 639 shares of the company’s stock valued at $39,000 after purchasing an additional 628 shares during the last quarter. 79.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LNT has been the topic of several research reports. Wall Street Zen cut Alliant Energy from a “hold” rating to a “sell” rating in a report on Sunday. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $75.00 price objective on shares of Alliant Energy in a research note on Sunday, February 22nd. UBS Group set a $75.00 price objective on Alliant Energy and gave the stock a “buy” rating in a report on Wednesday, December 17th. BMO Capital Markets reissued an “outperform” rating and issued a $78.00 target price (up from $72.00) on shares of Alliant Energy in a report on Monday, February 23rd. Finally, Argus restated a “hold” rating on shares of Alliant Energy in a research report on Friday, January 9th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $74.50.

Alliant Energy Price Performance

Shares of Alliant Energy stock opened at $72.34 on Monday. The stock has a market cap of $18.60 billion, a price-to-earnings ratio of 22.97, a price-to-earnings-growth ratio of 2.96 and a beta of 0.66. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.66 and a current ratio of 0.80. The stock has a 50 day moving average price of $67.33 and a 200-day moving average price of $66.76. Alliant Energy Corporation has a one year low of $57.09 and a one year high of $72.40.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings results on Thursday, February 19th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $673.11 million. Alliant Energy had a return on equity of 11.51% and a net margin of 18.57%.Alliant Energy’s revenue was up 9.0% on a year-over-year basis. During the same period last year, the company earned $0.70 earnings per share. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Equities analysts expect that Alliant Energy Corporation will post 3.23 EPS for the current year.

Alliant Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, January 30th were issued a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 3.0%. The ex-dividend date was Friday, January 30th. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.51. Alliant Energy’s payout ratio is currently 67.94%.

Alliant Energy Profile

Alliant Energy Corporation (NASDAQ: LNT) is a publicly traded energy holding company headquartered in Madison, Wisconsin, that provides regulated electric and natural gas utility services in the American Midwest. The company serves customers primarily in Wisconsin and Iowa through its regulated utility subsidiaries and operates as an integrated provider responsible for generation, transmission and distribution of energy to residential, commercial and industrial customers.

Alliant Energy’s core activities include operating and maintaining electric generation assets, managing the regional transmission and distribution network, and delivering natural gas service to its franchise territories.